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Perpetua Resources Announces Pricing of $71 million Offering of Common Shares and $7 million Concurrent Private Placement
Perpetua Resources Announces Pricing of $71 million Offering of Common Shares and $7 million Conc...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"Perpetua Resources Announces Pricing of $71 million Offering of Common Shares and $7 million Concurrent Private Placement\n\n\nPerpetua Resources Announces Pricing of $71 million Offering of Common Shares and $7 million Concurrent Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nPR Newswire\n\n\nBOISE, Idaho, Oct. 28, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or the \"Company\") today announced the pricing of its previously announced public offering of 2,938,000 shares, no par value, of the Company (the \"Common Shares\") in the United States ( the \"Offering\") at a price to the public of US$24.25 per share. Pursuant to the Investor Rights Agreement, dated as of October 28, 2025, between the Company and Agnico Eagle Mines Limited (\"Agnico\"), Agnico has indicated that it intends to exercise its pro rata participation right with respect to the Offering in a concurrent private placement at the public offering price of the Offering (the \"Concurrent Private Placement\"). Participation in full would result in the issuance of an additional 288,200 common shares for proceeds to the Company of $7.0 million.\nThe gross proceeds to Perpetua Resources from the Offering, before deducting commissions and expenses and other Offering expenses, will be approximately $71.2 million, and will be approximately $78.2 million if Agnico exercises its participation right in full in the Concurrent Private Placement.\nThe Company expects to use the net proceeds of the Offering and the Concurrent Private Placement to fund the construction and development of the Stibnite Gold Project (the \"Project\"), working capital costs in excess of the Project capital costs, continuing exploration and development activities, restoration and reclamation work, and for general corporate purposes.\nThe Common Shares will be offered by the Company with BMO Capital Markets, National Bank of Canada Capital Markets and RBC Capital Markets acting as joint book-running managers (collectively, the \"Underwriters\").\nIn connection with the Offer...